Keyword: mortgage lawsuit

FDIC suing former Washington Mutual executives for $900M

FDIC suing former Washington Mutual executives for $900M

FDIC sues execs for $900M The Federal Deposit Insurance Corporation (FDIC) has named the former Washington Mutual CEO, Kerry Killinger, President of Home Lending, David Schneider and COO Stephen Rotella in a civil lawsuit, accusing the three of neglicence for their roles in creating and executing the bank’s reckless lending prior to the bank’s collapse in 2008. The suit seeks ...

AGBeat | 2011/03/22  | 8 Comments News

Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?

Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?

Recently I read where a judge in Suffolk County, NY judge erased a Long Island couple’s >$500k in mortgage debt admittedly to teach the originator (and/or)servicer, OneWest, a lesson. As is too common lately, sadly, the couple had fallen behind on their mortgage due to health issues and a change in their interest rate. OneWest refused to refinance.  So, after slamming OneWest ...

Brandie Young | 2009/12/17  | 28 Comments Ethics

FDIC suing former Washington Mutual executives for $900M

FDIC suing former Washington Mutual executives for $900M

FDIC sues execs for $900M The Federal Deposit Insurance Corporation (FDIC) has named the former Washington Mutual CEO, Kerry Killinger, President of Home Lending, David Schneider and COO Stephen Rotella in a civil lawsuit, accusing the three of neglicence for their roles in creating and executing the bank’s reckless lending prior to the bank’s collapse in 2008. The suit seeks ...

AGBeat | 2011/03/22  | 8 Comments News

Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?

Seriously? Judge’s Ruling Based On “I’m Gonna Teach You a Lesson” Precedent?

Recently I read where a judge in Suffolk County, NY judge erased a Long Island couple’s >$500k in mortgage debt admittedly to teach the originator (and/or)servicer, OneWest, a lesson. As is too common lately, sadly, the couple had fallen behind on their mortgage due to health issues and a change in their interest rate. OneWest refused to refinance.  So, after slamming OneWest ...

Brandie Young | 2009/12/17  | 28 Comments Ethics